Ethereum

Cryptocurrency

bullish

Bitcoin

Verge

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/benjamin-cowen-analyzes-ethereums-performance-against-bitcoin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Benjamin Cowen Analyzes Ethereum’s Performance Against Bitcoin</a><br></p>
<p style="text-align: justify">Cryptocurrency analyst Benjamin Cowen evaluates Ethereum’s (ETH) performance against Bitcoin (BTC) in the upcoming period. In a statement to his 866,700 followers on the social media platform X, Cowen indicated that it is “possible” for the Ethereum /Bitcoin (ETH/BTC) pair to make a bottom by the end of the year.</p>
<h2 style="text-align: justify" id="is-eth-btc-pair-on-the-verge-of-decline">Is ETH/BTC Pair on the Verge of Decline?</h2>
<p style="text-align: justify">Cowen perceives the likelihood of the ETH/BTC pair declining by more than 20% from current levels to be low. He also emphasized how market expectations shape this pair’s movements.</p>
<p style="text-align: justify">Addressing Ethereum’s performance against the US dollar, Cowen forecasts potential bullish signals for the ETH/USD pair in the next year. However, he warns that ETH/USD may remain weak while ETH/BTC is declining. This trend was similarly observed in 2016 and 2019. According to Cowen, real strength for Ethereum against the US dollar may take until 2025 to materialize.</p>
<h2 style="text-align: justify" id="expectations-on-bitcoin-dominance">Expectations on Bitcoin Dominance</h2>
<p style="text-align: justify">Another forecast from Cowen relates to Bitcoin’s market dominance. He believes that Bitcoin dominance could reach around 60% by the end of the year. However, he also notes that this rise could reverse by 2025.</p>
<p style="text-align: justify">Cowen suggests that the ETH/BTC pair might find a bottom between 0.03 and 0.04 within this quarter. At the time of writing, Ethereum is trading at approximately 0.03891 BTC (around $2,617). Nevertheless, he adds that there is currently no suitable trading opportunity in the ETH/BTC pair.</p>
<h2 style="text-align: justify" id="warnings-for-traders">Warnings for Traders</h2>
<p style="text-align: justify">Highlighting the uncertainties in the <a href="https://en.coin-turk.com/analysts-predict-bitcoins-future-amid-market-fluctuations/" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a><a href="https://en.coin-turk.com/whale-activity-in-bitcoin-and-ethereum-sees-significant-increase/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> market dynamics, Cowen advises traders to exercise caution. He stresses that investment strategies should be adjusted according to the ongoing market volatility.</p>
<p style="text-align: justify">Understanding the relationship between Ethereum and Bitcoin remains crucial for traders aiming to grasp market movements. Cowen’s analyses serve as a guide for those looking to position themselves in the cryptocurrency market. Expert opinions based on analyses can aid traders in formulating their future strategies.</p>
<p style="text-align: justify">In conclusion, the ETH/BTC pair is expected to find a bottom by year-end. ETH/USD may gain strength by 2025. Additionally, Bitcoin dominance is likely to decrease in 2025.</p>
<p>The post <a href="https://en.coin-turk.com/benjamin-cowen-analyzes-ethereums-performance-against-bitcoin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Benjamin Cowen Analyzes Ethereum’s Performance Against Bitcoin</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Benjamin Cowen Analyzes Ethereum’s Performance Against Bitcoin

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